[APM] QoQ TTM Result on 30-Jun-2004 [#2]

Announcement Date
12-Aug-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Jun-2004 [#2]
Profit Trend
QoQ- 6.2%
YoY- -6.69%
Quarter Report
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TTM Result
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Revenue 826,627 789,049 737,359 707,500 682,915 666,144 683,335 13.51%
PBT 81,698 76,831 70,076 69,098 65,817 64,480 66,805 14.34%
Tax -19,099 -18,163 -17,325 -16,029 -15,846 -15,800 -14,591 19.64%
NP 62,599 58,668 52,751 53,069 49,971 48,680 52,214 12.84%
-
NP to SH 62,401 58,668 52,751 53,069 49,971 48,680 52,214 12.60%
-
Tax Rate 23.38% 23.64% 24.72% 23.20% 24.08% 24.50% 21.84% -
Total Cost 764,028 730,381 684,608 654,431 632,944 617,464 631,121 13.57%
-
Net Worth 464,996 449,100 432,736 413,050 415,063 402,938 400,913 10.38%
Dividend
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Div 24,171 24,171 22,162 22,162 22,149 22,149 24,172 -0.00%
Div Payout % 38.74% 41.20% 42.01% 41.76% 44.32% 45.50% 46.30% -
Equity
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Net Worth 464,996 449,100 432,736 413,050 415,063 402,938 400,913 10.38%
NOSH 201,297 201,390 201,272 201,488 201,487 201,469 201,464 -0.05%
Ratio Analysis
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
NP Margin 7.57% 7.44% 7.15% 7.50% 7.32% 7.31% 7.64% -
ROE 13.42% 13.06% 12.19% 12.85% 12.04% 12.08% 13.02% -
Per Share
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 410.65 391.80 366.35 351.14 338.94 330.64 339.18 13.58%
EPS 31.00 29.13 26.21 26.34 24.80 24.16 25.92 12.66%
DPS 12.00 12.00 11.00 11.00 11.00 11.00 12.00 0.00%
NAPS 2.31 2.23 2.15 2.05 2.06 2.00 1.99 10.44%
Adjusted Per Share Value based on latest NOSH - 201,488
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 410.03 391.39 365.75 350.94 338.75 330.43 338.96 13.51%
EPS 30.95 29.10 26.17 26.32 24.79 24.15 25.90 12.59%
DPS 11.99 11.99 10.99 10.99 10.99 10.99 11.99 0.00%
NAPS 2.3065 2.2277 2.1465 2.0489 2.0588 1.9987 1.9887 10.37%
Price Multiplier on Financial Quarter End Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 -
Price 2.69 2.55 2.43 2.50 2.60 2.80 2.73 -
P/RPS 0.66 0.65 0.66 0.71 0.77 0.85 0.80 -12.02%
P/EPS 8.68 8.75 9.27 9.49 10.48 11.59 10.53 -12.07%
EY 11.52 11.42 10.79 10.54 9.54 8.63 9.49 13.78%
DY 4.46 4.71 4.53 4.40 4.23 3.93 4.40 0.90%
P/NAPS 1.16 1.14 1.13 1.22 1.26 1.40 1.37 -10.49%
Price Multiplier on Announcement Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 19/05/05 28/02/05 18/11/04 12/08/04 31/05/04 25/02/04 14/11/03 -
Price 2.42 2.50 2.40 2.50 2.54 2.73 2.78 -
P/RPS 0.59 0.64 0.66 0.71 0.75 0.83 0.82 -19.68%
P/EPS 7.81 8.58 9.16 9.49 10.24 11.30 10.73 -19.06%
EY 12.81 11.65 10.92 10.54 9.76 8.85 9.32 23.59%
DY 4.96 4.80 4.58 4.40 4.33 4.03 4.32 9.63%
P/NAPS 1.05 1.12 1.12 1.22 1.23 1.37 1.40 -17.43%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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